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make

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buy

the decision by a firm on whether to make a component or product itself or to buy it from an external supplier (see OUTSOURCING). The decision will depend upon the combined production costs and TRANSACTION COSTS of the alternatives. Sometimes a firm may adopt mixes of the two policies, producing some quantity of the product itself and buying the remainder, depending upon the relative costs of the sources and security of supply considerations. See TRANSACTION for a more detailed discussion. See INTERNALIZATION, VERTICAL INTEGRATION.
References in periodicals archive ?
This growth is specially visible in textile made-ups and textile clothing.
Textile industry of Pakistan is comprised of Ginning, Spinning, Weaving, Knitting, Printing, Processing, Dyeing, Hosiery, Made-ups and Garments.
The LCCI President Engineer Sohail Lashari feared the government would not be able to get full advantage of the GSP Plus status unless and until it ensures provision of gas to the textile made-ups sector that is suffering heavily only because of unavailability of this important raw material.
Our yarn is very popular in the world market for introducing home textiles, such as; cotton towels, made-ups, bed; sheets, upholstery and cotton apparel for the entire Third world.
He said that there is an ample potential of joint ventures between two countries in the areas of auto parts, processed food, pharmaceuticals, leather made-ups, light engineering and surgical instruments.
No safeguarding measures have taken in the bilateral agreements of CPEC to save the textile sector which contributes 60% to overall exports of the country, said an official source at Textile Division adding that exporters of the country may become traders after the massive investment by China in textile processing, from cotton to ginning, spinning, fabric, processing, made-ups and garments.
Talking to Radio Pakistan, spokesperson for the Textile Ministry has said that under the package, seven percent duty drawback is being provided on garments and six percent on made-ups.
6000 crore to boost employment generation and exports, particularly in Garmenting and Made-ups.
One percent drawback would be available on eligible product lines of processed fabrics category, 2 percent eligible products of made-ups category and 4 percent drawback would be available to eligible products of garments category.
More than 55% of its exports earnings are contributed by the cotton group while leather, synthetic made-ups and rice contribute around 14% of total exports.
Garments and made-ups comprising the downstream industry rely heavily on the processing sector for the provision of value added fabrics and materials.
BTPL is part of the Bharat Silks group (aggregate sales of around Rs 1000 million in 2008-09) which started its activities in the year 1978 and is in the production of fabrics, garments, furnishings, and made-ups.